Here’s Your New Standard Deduction and Tax Rate for 2024

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The federal government regularly adjusts everything from Social Security benefits to retirement account limits to account for inflation. The same goes for some key aspects of federal income taxes, including the standard deduction and income brackets, which determine your tax rate. And 2024 will be no exception: Every standard deduction and income bracket is increasing — and by more than usual…

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Karla Bowsher

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